Invest Yourself

So, yesterday they were in a buying mode. But not just any old random buying mode, no , this was the full court press which ended with the DOW up 400. After a morning "pop and drop" they spent the late morning session and the early afternoon session just defending things. Then later in the day, they rallied the troops and made their assault. It worked.

On Sunday I wrote a controversial piece about why we could see some major market dislocations ( a crash possibly) heading our way in the Aug – October time frame. While we got a lot of great feedback from the letter, one of the big questions people had was …what do we do about it?

That’s a great question. But it will indeed be focused on what you’ll allow yourself to believe might happen. That is going to be a very individual decision.

Everyone waited with the proverbial "baited breath" to see what the Fed's were going to say about monetary policy. But what they said, threw the algo-bots for a bit of a loop. They wanted pure hints that the Fed's were not going to hike rates this year, but instead they got a statement suggesting that the economy is really strong, jobs are really strong and while they can be patient about rates, they removed the "considerable time" language from the statement.